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"Imports of heavily subsidised biodiesel fuel from the US, so-called B99, have eroded margins to the point where we have no choice but to consider how to reduce operating costs.
"We are taking this action in order to manage the business proactively in a difficult market," he added.
Mannis said the EU was trying to negotiate change in Washington and would take the case to the World Trade Organisation, which regulates free trade, but that changes could take months. "If you believe in free trade, this isn't a fair market."
He feels it is unlikely that the US will end subsidies to the powerful farming lobby in an election year...
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